Insight Report 3 minutes PremiumLojas Americanas (BVMF: LAME4) 4Q15 Results: Big Decrease in Profit, Macro Conditions in Brazil Taking Their Toll Coresight Research March 11, 2016 Executive Summary Lojas Americanas reported 4Q15 net revenues of R$5.8 billion, up 6.3% from 4Q14 but below the consensus estimate of R$6.1 billion. Bloomberg reported adjusted EPS for 4Q15 as R$0.16, down R$0.09 versus the year-ago quarter and below the consensus estimate of R$0.23. The company’s same-store sales grew by 8.6% in 4Q15 and by 8.8% in 2015. Net income fell by 31.1% year over year in 4Q15 and by 41.5% in the full year due to increased expenses and challenging macroeconomic conditions. Lojas Americanas’ revenues for 2015 were R$17.9 billion, 3.2% lower than the consensus estimate of R$18.5 billion. Adjusted EPS for 2015, as calculated by Bloomberg, was R$0.21, missing the consensus estimate of R$0.32. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Retail-Tech Landscape: Checkout SolutionsWeekly US and UK Store Openings and Closures Tracker 2023, Week 28: Christmas Tree Shops Drives US ClosuresMarket Outlook: US Foodservice—Value Initiatives Take Center Stage Amid Waning Consumer TrafficShifting Shopper Behavior Amid Pessimism: China Consumer Survey Insights